|
03-12-2015, 11:55 AM
|
#1
|
Senior Member
Winnebago Owners Club
Join Date: Mar 2013
Location: Arizona
Posts: 776
|
Resale value of modified TOAD's
Having invested a chunk of change to install a base plate and braking system into my new Ford C-Max last year I'm now wondering if it will help or hurt it's future resale value.
I know I'm not going to get back much of what I've invested in it, but I wonder about the overall value. I'm sure that to the right buyer that stuff is a selling feature (assuming you can find such a buyer), but what about just its effect on a standard trade in for a new car?
Do they add, subtract or ignore the upgrades when calculating the trade in allowance?
__________________
Joseph and Sandy
Arizona Sunbirds
(Snowbirds in Reverse)
Winnebago Chieftain / Ford Hybrid Toad
|
|
|
|
Join the #1 RV Forum Today - It's Totally Free!
iRV2.com RV Community - Are you about to start a new improvement on your RV or need some help with some maintenance? Do you need advice on what products to buy? Or maybe you can give others some advice? No matter where you fit in you'll find that iRV2 is a great community to join. Best of all it's totally FREE!
You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with other RV owners, see fewer ads, upload photographs, create an RV blog, send private messages and so much, much more!
|
03-12-2015, 11:58 AM
|
#2
|
Senior Member
Newmar Owners Club
Join Date: May 2007
Location: Somewhere....
Posts: 4,054
|
As far as I can tell, the dealers didn't care one way or another about the tow setup when we were trading cars in. I'm sure it would help sell it, if you could find a buyer who wanted it for a toad. But when I tried selling our Liberty, I got very few inquiries from the RV-oriented sites I posted it on.
__________________
2008 King Aire 4562, Spartan K3(GT) w/ Cummins ISX 600
2014 Jeep Grand Cherokee Overland 5.7L V8 Hemi w/ Blue Ox Aventa LX Tow Bar and baseplate, SMI Air Force One brake
|
|
|
03-12-2015, 12:06 PM
|
#3
|
Senior Member
Join Date: Jan 2015
Location: Westfield, IN
Posts: 105
|
I recommend marketing the vehicle on sites, such as this one, to target a specific demographic that wouldn't want the hassle of setting up a toad. I'm confident you would get more money than you would from a dealer on a trade. Heck, I guess you would get a better price selling on your own under most circumstances.
|
|
|
03-12-2015, 12:08 PM
|
#4
|
Senior Member
Newmar Owners Club
Join Date: May 2007
Location: Somewhere....
Posts: 4,054
|
OTOH, be aware of the sales tax regulations in you domicile state. In Texas, if you trade the vehicle to a licensed dealer, you only pay sales tax on the difference between the trade and new vehicle. If you sell it privately, you'll pay sales tax on the new vehicle price. That certainly reduces the advantage of selling privately.
__________________
2008 King Aire 4562, Spartan K3(GT) w/ Cummins ISX 600
2014 Jeep Grand Cherokee Overland 5.7L V8 Hemi w/ Blue Ox Aventa LX Tow Bar and baseplate, SMI Air Force One brake
|
|
|
03-12-2015, 12:19 PM
|
#5
|
"Formerly Diplomat Don"
Newmar Owners Club
Join Date: Apr 2005
Location: Moorpark, Ca.
Posts: 24,125
|
I've always pulled my base plates off and sold them on Hitch Trader. Many people may not like the idea that you've been dragging the vehicle around and NOT recording mileage. I pull all gear and sell or trade.
__________________
Don & Mary
2019 Newmar Dutch Star 4018 (Freightliner)
2019 Ford Raptor
|
|
|
03-12-2015, 12:30 PM
|
#6
|
Senior Member
Winnebago Owners Club
Join Date: Mar 2013
Location: Arizona
Posts: 776
|
Quote:
Originally Posted by Dutch Star Don
I've always pulled my base plates off and sold them on Hitch Trader. Many people may not like the idea that you've been dragging the vehicle around and NOT recording mileage. I pull all gear and sell or trade.
|
That's a good point, though in my case I'd have to buy a new grill as the original had to be cut up to fit the base plate. That purchase could be a profit buster alone.
__________________
Joseph and Sandy
Arizona Sunbirds
(Snowbirds in Reverse)
Winnebago Chieftain / Ford Hybrid Toad
|
|
|
03-12-2015, 01:39 PM
|
#7
|
Senior Member
Outdoors RV Owners Club
Join Date: Oct 2014
Posts: 3,539
|
If I was looking to buy a used car, one that had Toad equipment on it would be worth half of retail to me unless I was looking for a toad myself. Then it would be worth average retail. The tens of thousands of unrecorded miles would be a price dropper for me, not to mention wondering if it had ever suffered transmission damage from improper lubrication etc.
|
|
|
03-12-2015, 02:00 PM
|
#8
|
Senior Member/RVM #90
Monaco Owners Club
Join Date: Nov 2002
Location: Columbus, MS
Posts: 54,794
|
We just sold a 2008 Honda Accord that we had been towing for two years. We sold it for the Kelly Blue Book retail. The baseplate and other towing equipment didn't affect the price one way or the other!
__________________
Joe & Annette
Sometimes I sits and thinks, sometimes I just sits.....
2002 Monaco Windsor 40PBT, 2013 Honda CRV AWD
|
|
|
03-12-2015, 02:19 PM
|
#9
|
Senior Member
Winnebago Owners Club Freightliner Owners Club
Join Date: Jul 2010
Location: Tampa Area (sometimes!)
Posts: 620
|
Sold my Lexus RX-330 in January. Left the baseplate, the REMCO lube pump, the Roadmaster Brakemaster wiring / air lines along with the breakaway bottle. The Ford dealer I traded with never even mentioned the tow gear though it was pretty obvious on that car both up front and under the hood. I feel certain a private buyer would have questioned it though.
I think it probably depends a lot on the age of the car when you sell it, as least as far as dealers are concerned. Most dealers won't put a car on their lot that is more than five years old. They wholesale them and never see them again. I think they would look a lot more closely at a newer car. And, I think the tow package would be a detractor.
Like KEYMASTR, I would never buy a car that had been towed four down. I sure hope people keep buying mine though!
__________________
Randy and Tina & fur baby - Cinnamon
2020 Tiffin Wayfarer RW
Mercedes Benz 2019 Sprinter Chassis
|
|
|
03-12-2015, 03:00 PM
|
#10
|
Member
Join Date: Nov 2009
Location: Southwest Florida
Posts: 64
|
I sold a Smart car equipped with a Blue Ox base plate to a guy who wanted me to give him the tow bar so he could tow it behind his pickup truck. I didn't get more or less for the car and I didn't give him the tow bar.
I later traded a 2010 CRV for a 2012 CRV at a Honda dealer and got the normal low ball trade in. So I don't think that it helps or hurts.
The only good thing is that I installed all of the base plates myself so only lost about $350 each, the cost of a Blue Ox base plate.
__________________
Bill Bell - 2009 Coachmen FX21QB
2013 Thor Tuscany 40FX
2004 Winnebago Vectra 40AD
|
|
|
03-12-2015, 03:14 PM
|
#11
|
Senior Member
Join Date: Feb 2007
Location: Bellevue, Nebraska
Posts: 491
|
It's a pretty clear rule of thumb: if you're selling it, it lowers the value (and price), if you're buying it, it increases the price, but not the value. Clear?
__________________
2015 Ford Flex SEL
Former Full-Timers
|
|
|
03-12-2015, 03:51 PM
|
#12
|
Senior Member
Official iRV2 Sponsor
Join Date: May 2011
Posts: 8,305
|
Quote:
Originally Posted by keymastr
If I was looking to buy a used car, one that had Toad equipment on it would be worth half of retail to me unless I was looking for a toad myself. Then it would be worth average retail. The tens of thousands of unrecorded miles would be a price dropper for me, not to mention wondering if it had ever suffered transmission damage from improper lubrication etc.
|
Last year we traded our 2009 Malibu on a new CR-V. We were quite pleased with the trade-in allowance we received. We happened to be in the dealership a week later and saw our old car on the lot all cleaned up for sale. The dealership had removed the baseplate and the aftermarket hitch receiver we had installed. We were told that they didn't want any indication that the car had been towed or was used for towing.
__________________
Joel (AKA docj)--
RV Technology Specialist
|
|
|
03-13-2015, 12:51 PM
|
#13
|
Senior Member
Thor Owners Club Ford Super Duty Owner
Join Date: Oct 2013
Posts: 758
|
Quote:
Originally Posted by docj
......The dealership had removed the baseplate and the aftermarket hitch receiver we had installed. We were told that they didn't want any indication that the car had been towed or was used for towing.
|
I used to deal in car wholesaling in college, (early 90's - only Porsche and VWs). All signs of being a toad are removed before it's sold. I used to find many air cooled VWs with wear signs of a towbar installation on the front suspension.
Unlike real estate, there is no disclosure law for used cars regarding their prior life as a toad. Accidents and body work, yes. But being pulled for thousands of miles, no. That information is not disclosed to a potential buyer.
Most sane ordinary and unsuspecting people purchasing a late model slightly used car would walk away from it if they knew it had been used as a toad.
It might not affect the price, but it definitely affects it's appeal.
|
|
|
|
Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
|
|
Posting Rules
|
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
HTML code is Off
|
|
|
|
» Recent Discussions |
|
|
|
|
|
|
|
|
|
|
|
|
|